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I tried to call Judah Steinberger this morning. I called 011-972-542-393343 which is the number on the 10Q. I asked to speak to Judah and the person on the line just hung up on me. I called back shortly after and no one would answer. I tried last week and he said Judah was "out of the county for the week". I have been a faithful investor for over 2 years now, but I am starting to believe that this is a scam now. If anyone has any reliable info, please post.
I also feel that there is hope here. They are always on time with their quarterly's. They did say in their "plan of operation" that they are currently in negotiations with a manufacturing co. to make and distribute the booth. They do have a "product", it just needs to be made and sold. They still do not have significant debt as of yet. A pr at any time stating that manufacturing has begun will change everything. Hoping for an update before years end.
All is my opinion only.
I would say a %40 return would be great. If an operator invested in lets say 5 machines at lets say $10,000 a machine. They would collect $60,000 a year. I'm sure that they dont have to check each machine every day and that the other expenses like cd's are not expensive in bulk. Besides, the more cd's and other material costs they use, the more times people are using the machines. I doubt it would be a 40 hour a week job watching those machines. Owning some of these would be a pretty awsome part time job.
As for the "it would be illegal to operate these without song rights". You are implying that this company is engaing in illegal activities by your posts. This company is transparent, they have always filed on time. I am sure they will have the song issue resloved if they dont already.
Just my opinion.
You keep saying the product failed. If it never got off the ground at that time, I doubt it wasn't because of its popluarity. I live in a more rural area and the nearest city has 60,0000 people in it. There mall is not very big, yet it has 2-3 photo booths in it. Look, with cell phones today, how do the booths make it. I have hardly ever seen anyone in those booths, yet you find them everywhere. Why would anyone pay for those pictures when the can take on themselves on their phone, yet people must obviously do it. I dont feel popularity will be a problem in this case. And by the way, there are many other places besides malls to put these in. I could only imagine how these would go in clubs and bars.
This is my opinion only.
One can see from that video just how popular these booths can be. Those people in the video looked like they were having a good time.
Thats great to hear. I have been in this stock over a year. So much potential here. They have a real product thats cool. There is plenty of places to put it. They have always filed on time. New web site in developement that could give alot of exposure, especially if they have a place for people to upload songs on.
All in my opinion only.
The total outstanding shares are at 322,000,000. I am guesing this includes the 180,000,000 restricted shares just recently issued. I would estimate the float to be around 90,000,000. That is just my estimate, not anything factual. Yes, there is dilution going on. Hoping it is for a good cause. They have a great product, just have to get it to market.
The above is my opinion only.
I have been here over a year. This stock moves fast when it wants to.
I wasnt able to get the float from the transfer agent, but she did report that the oustanding shares are unchanged. I would estimate the float to be aroung 70 million, but I could be way off. Anyone else have any ideas?
Just checked with transfer agent again. No change in outstanding shares since my last check on the 1st. Still at 130 million.
Share structure is good. All we need is update on what is happening.
Opps, I meant I would like to see a PR out from our new CEO.
I just checked with the transfer agent. Current outstanding shares are 130,848,864. Hope that helps.
Looking for a pr from out new CEO soon. At least mobilestar is always on time with financials.
Does anyone know how to contact Judah Steinberger? I emailed Eran couple days ago and he just said that he is not with mobile star anymore. I would like to here from Judah and try to get a feeling the direction this company is headed.
I have been holding for over a year now. Dont know what to think about this. I know I have been trying to email Danny and Eran last 2 weeks and this explains why they never responded back. I expect some sort of PR from the new CEO discusing his future plans for the company. I still think there is hope for this. They may not have the best booth out there, but there is lots of opprotunity and places to put these booths at. They just need to get going with it.
It means that there has been very little dilution and that the number of outstanding shares is still very low. I wonder if part of the delay in getting these machines out is them getting financing from another source instead of using dilution to get the money. They may have to resort to dilution, but for now they seem to be very financially responsable and I for one appreciate that.
Just heard back from the transfer agent. There is 116,723,264 outstanding shares.
I personally think that Danny and Eran need to get things rolling. The longer they wait, the more negative the sentiment becomes for them. I checked the My Studio web site out myself. That stock is $1 right now and I think has 29 mil shares. They do have some of their recording studios placed, but not that many yet and are not making a profit yet from what it looks like. Plus, as mentioned by a previous post, costs $20 each time to use it which may limit the amount of times it is used.
Mobile star has around 110 to 120 mil shares now(I think), under .002 and only has one studio out and another one sold, but not delivered. Mobile star has 5 times more shares than My Studio, but has 500 times lower pps. That seems like a huge discrepency between two companies that have similar products. I feel that if mobile star would release some information informing us of what is going on and could start placing some machines, our pps should respond favorably. This is all just my opinion of course. I am just as frustrated as everyone else is with this stock.
GLTA
I agree that this can make pennies again. Danny and Eran are being very careful on how they are getting this product out. Unfortunately that means things are moving slowly, but I would rather have it that way then with uncontrolled dilution. I plan on holding a long time because I cant get over how cool this booth is.
As for the 3,189 customer deposit, I am sure that is the profit from the machine. If you go on apple industries website, you can purchase a photo booth from around $8,000-$10,000. I am guessing these booths will sell for about the same. I would guess that would make the 3,000 about right for their profit on the sale.
I feel your pain. I am down 75 % at this time. I do believe in this company. They have a real product that most people here on this board knows will be a big hit. The problem is that Danny and Eran are trying to execute their business plan with as little financing as possible. The lack of financing seems to be the problem. I feel if they were truely only in this to get investors money, they would have done massive dillution long ago. They said in their report I believe, that they needed $100,000 for the costs of the next year. That isn't really that much. I of course hope that they dont have to dillute, but they still have a low noumber of outstanding shares for a stock like this.
I once had a stock that was acting just like this. It kept going down and the bashers showed up crying scam. I sold at a significant loss at around .009 or so. The stock went down to .003. I took it off my watch list since I thought it was done. I checked back 2 months latter to find it was over .03 and going up. It hit .035 and it did this from its own merits and not a stock preview.
My point is this, one has to decide if you trust Danny and Eran or not. I do agree that they could communicate better, but I dont think they are lying about the sale. I do expect to see a seperate financial PR on the sale soon. So for me, I am holding it through the summer. If by fall nothing has changed, then I will probably cut my losses and move on.
Just checked with the transfer agent. The new common outstanding share number is 107,640,531.
I feel the same way. I have had this stock for about a year now. It is very encouraging to see a PR out that they are starting to sell this machine. I just dont feel this is the typical pink stock. Most pinks I have seen would have diluted like crazy. They haven't. I am definitely OK with some dilution and I feel they will do it in a responseable way. The potential of this product is tremendous, I dont think anyone on this board disagress with that. We just have to wait and see how management tackles the funding in order to mass produce these machines.
GLTA
Just wanted to pass this on. I emailed Eran today and simply asked if they were still working on their plan for mobilestar. He quickly emailed back that "They are working and working hard on it." It isn't going to do any good to email about specifics because they cant share that anyway. They have done nothing to destroy my confidence in them that they know what they are doing. This will be one of those stocks that looks dead, then one day comes to life and if you already sold and moved on, you will end up regreting it.
Just my two cents. GLTA
Has there been a change in the a/s? If so, what is it now?
I just wanted to add this, I have contacted the company three times by email over the last 2-3 months. They always replied back to me. There responses were short, but basically said that they are a real company that has timely reporting. They were working hard to build this business and that it was in there best interest as well as ours to see it do well. I feel that we are very close to pivital news and that alot of peoples questions will soon be answered. I feel that they are doing a great job running this business. I would like more updates too, but I know of alot of penny stocks that give fluff pr every couple weeks trying to convince people that there POS stock is worth something. I remember in the radio interview that they did previously, they said they were not interested in the share price right now and that it would take care of its self. Just my added 2 cents.
The thing that I always go back to is that this machine was used in a test pilot and was very successful. From that test pilot, they tweaked it to make it better. I know for a fact people will go nuts over this. Think of it, a 16 year old girl tries it out at the mall and makes gets a cd, what do you think she is going to do the next school day, she will take it and play it for her friends. What will her fiends do, they will go make cds. To me, the hardest thing to do is get something like this placed in strategic areas. From what I understand, apple industries is already taken care of it. I have emailed Danny several times and he has always responed to me. He reassured me that they are a real company with timely reports. The only way I can see this failing is if there is massive dillution which I think we would have seen already if that was going to happen. I know of stocks like BGEM and AGRT which have more shares, not making any money, but have a good product with future potential and they trade .05 and over.
Im not a professional stock trader, but I understand what you are saying. 10-Q's are allways pessimistic, I dont think I have ever read one that stated they had too much money and gaurenteed success. The CEO must have used alot of his own money for developement of the technology for the machines. These will be high tech. As far as I know, they dont have any significant debt. They do own alot of the companies shares. Also, one must realize that if they only have enough money to produce 100 machines, those machine will immediately start producing revenue which can be used to produce more machines. Just my thoughts on the matter.
The day traders are leaving now. No pump and dump here, just a real company that has put alot of thought into their product and how to build long term value in their company. Danny has done this before where he built a company up and sold it. I expect the same will happen here. This stock should do very well over the next six months.
They now have the money without having to do major dillution. These people know how to run a business. They have been successful before and will do it again. Not many shares out there. Get them while you can. This stock is way undervalued.
I own a significant numbers and I'm holding on to them. There is no way I am doing a quick flip here. This stock has too much potential being a fully reporting company with such a low float.
I have been accumulating this stock since around March. I like it alot and see huge potential in it. Can't wait till they get all contracts in place. No reason for it to be a subpenny stock.